Latest News

21 Oct 2024
Naphtha margins are set to come under increasing pressure in Asia as downstream demand wobbles, a move that should...
21 Oct 2024
Saudi Aramco remains optimistic in its outlook on China's oil demand, CEO Amin Nasser said Monday, with hopes that the government's recent...
21 Oct 2024
Portuguese oil product demand was sharply higher last month as both gasoline and diesel recorded strong growth on the year...
21 Oct 2024
Structure in the Asian middle distillates forward market has started to normalise after a bruising summer, with a supply overhang...
21 Oct 2024
North American drilling activity was marginally larger as the rig count dipped for a fourth week in the last five...
21 Oct 2024
Egypt has lowered its 2040 renewable energy targets from 58% to 40%, Petroleum Minister, Karim Badawi said Sunday, with natural gas...
21 Oct 2024
Vitol's Asia CEO Mike Muller will retire in 2025, handing over the reins to Kieran Gallagher, Managing Director of Vitol Bahrain...
21 Oct 2024
Middle East crude opened the week slightly lower as markets caught up following the Brent retreat after Asia had closed on Friday, while East...
21 Oct 2024
Sudan's energy minister said Sunday the war-torn country was ready to resume exports from its landlocked neighbour South Sudan...
21 Oct 2024
Norwegian oil and gas production fell to its lowest levels in more than two years in September, preliminary monthly production figures from the...
21 Oct 2024
Libya's National Oil Company (NOC) said crude oil production was back to its peak of more than 1.3 million bpd on Sunday, including record...
21 Oct 2024
Saudi Arabia reclaimed its position as the second-biggest crude oil exporting origin to China in September as cargo arrivals surged...
21 Oct 2024
Speculative net length of US gasoline futures spiked in  the week to 15 October amid tighter fundamentals underpinned by supply...
21 Oct 2024
China's residual fuel imports spiked in September to nearly double last year as local refiners rushed to clear cargoes ahead of a tax revamp...
18 Oct 2024
Crude oil futures Friday were slightly lower and heading for steep weekly losses after an erosion in the geopolitical risk premium...
18 Oct 2024
Quantum Commodity Intelligence – Benchmark crude oil futures fell 8% over the week on Friday to marking their largest seven-day decline in over...
18 Oct 2024
French oil major TotalEnergies has decided to sell its Brazilian fuel distribution activities in Brazil to local firm SIM Distribuidora...
18 Oct 2024
Kazakhstan's pipeline export flows are running 4% higher than last year as the country continues to overproduce compared to its OPEC obligations...
18 Oct 2024
High sulfur fuel oil fundamentals still looked tight throughout this week on the back of disrupted supply in Europe and a hangover in Asia...
18 Oct 2024
Distillates traced crude lower this week as softening appetite across Europe's largest industrial sectors coincided with stagnant manufacturing....
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